Langsung ke konten utama

THE CHARACTERISTICS OF BIDDER COMPANIES IN INDONESIA AND THEIR RELATION TO THE SHAREHOLDERS’ REACTION

ABSTRACT
This study examines the characteristics of acquiring companies and their relation to the shareholders’ reaction. The sample used in this study consists of 92 companies (46 bidders and 46 non-bidders). With respect to financial characteristics, this study finds that bidders have larger price to book value ratios than non-bidders. Further analysis also finds that cash to total assets ratio, profit before tax to total assets and operating income to total assets ratio are major factors in categorizing the companies into bidders and non-bidders group. Using linear regression, the result indicates that financial and corporate governance characteristics are able to affect shareholders’ reaction around M&A announcement.

Keywords: merger and acquisition, corporate governance, shareholder’s reaction, abnormal return, event study.

Tersedia:

Komentar

  1. JackpotCity Casino Review 2021 - Bonuses, Software and Games
    A detailed 메리트카지노 review of JackpotCity Casino with 인카지노 bonus offers, software, and games including slots, 메리트 카지노 쿠폰 blackjack, roulette,

    BalasHapus
  2. Ford edge titanium 2019
    It can be titanium scrap price used on everything from football to the basketball. titanium ore The manufacturer how strong is titanium will make a lot titanium dental of money at various tournaments. The best prices titanium white dominus price for the

    BalasHapus
  3. NoVCasino Casino - NOVCASINO.COM
    NoVCasino.com https://febcasino.com/review/merit-casino/ offers a no deposit bonus of 100% 출장샵 up to €150. No Deposit Bonus is given to new jancasino players only. No https://deccasino.com/review/merit-casino/ deposit bonuses novcasino expire

    BalasHapus
  4. How To Make Money On Sports Betting
    Online sports betting 출장안마 is available for a whole host of US and European sports gri-go.com betting www.jtmhub.com markets. Some US states, like Louisiana หาเงินออนไลน์ and septcasino New Jersey, allow

    BalasHapus
  5. The whole bonus package of $1,000 is valid for seven days after claiming the first offer. Each bonus requires a minimal deposit of $10 and is subject to a 70x playthrough requirement before might be} withdrawn. With a listing of video games that encompasses every thing from online slots to table video games and even a Live Casino part, there will never be a reason to get bored again. On high of that, new titles are launched on a regular basis|regularly|frequently}, which means there will always be one thing new examine out|to take a look at}. Take benefit of beneficiant bonuses, 24-hour real cash action, and the most recent and best releases available anyplace. Our casino is intuitively laid out so you'll have have} no trouble finding what 카지노 사이트 you’re in search of, and who knows?

    BalasHapus
  6. The backgauge may be pc controlled to permit the operator to make a collection of bends in a part to a high degree of accuracy. Simple machines management only the backstop, extra advanced machines management the place and Travel Toiletry Bag angle of the cease, its top and the place of the two reference pegs used to find the material. The machine can also record the exact place and stress required for each bending operation to permit the operator to attain an ideal ninety degree bend across selection of|quite a lot of|a big selection of} operations on the half. Hydroforming is a process that is analogous to deep drawing, in that the half is shaped by stretching the clean over a stationary die.

    BalasHapus
  7. Legal 토토사이트 action towards him by the on line casino was unsuccessful, being dominated that the on line casino ought to fix its wheel. In some forms of early American roulette wheels, there were numbers 1 to 28, plus a single zero, a double zero, and an American Eagle. The Eagle slot, which was a logo of American liberty, was a house slot that brought the on line casino additional edge. Soon, the custom vanished and since then the wheel features solely numbered slots. EN PRISON — the rule is intently related to la partage and is translated to ‘in prison’ from French. In this case, should you made an Outside guess and lost the rationale that} ball lands on ‘0’, you've have} an choice of both taking half your wager again or locking the guess for the next spin.

    BalasHapus

Posting Komentar

Postingan populer dari blog ini